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STAR GROUP, L.P. — Director's Dealing 2006
Apr 28, 2006
33057_dirs_2006-04-28_5d9f09d8-dfa6-42d6-975d-ebd34779c367.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STAR GAS PARTNERS LP (SGU)
CIK: 0001002590
Period of Report: 2006-04-28
Reporting Person: Vermylen Paul A Jr (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-04-28 | Common Units | X | 30605 | $2.00 | Acquired | 30605 | Direct |
| 2006-04-28 | Common Units | S | 30605 | $2.43 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-04-28 | Subscription Rights (right to buy) | $2.00 | X | 30605 | Disposed | 2006-04-25 | Common Units (30605) | Direct |
Footnotes
F1: Prior to the reporting person becoming a Section 16 insider, the reporting person exercised in-the-money subscription rights to purchase 0.6121 of a Common Unit for each Common Unit then owned by the reporting person in a rights offering by the Issuer to all holders of Common Units. The closing of the rights offering did not occur until April 28, 2006.
F2: On April 26, 2006, the reporting person contributed these Common Units to Kestrel Energy Partners, L.P., a private equity investment firm formed by the reporting person and other investors ("Kestrel"), in exchange for additional membership interests in Kestrel.
F3: Represents the closing price of the Issuer's Common Units on April 26, 2006, the effective date of contribution of the reporting person's Common Units to Kestrel.